The economy has been mired in a funk since late last year, but there's cause for optimism: Business startup activity has returned to near pre-recession levels.Eric Griffin and his partner, Dennis O’Donnell, are part of the shift.
In January, the duo launched a Philadelphia-based company called PAW5 that sells bowls and feeding mats to make meals a healthier, more interactive experience for pets. They already owned a cell phone related company but struggled to convince their bank to increase their line of credit from $100,000 to $300,000 to fund the venture -- until this year.
Image: (Photo: Eric Griffin, Dennis O'Donnell)
